GUELPH, ON, April 6 /CNW/ - ENPAR Technologies Inc. ("ENPAR" or "the Company") announces that, the Company closed a non-brokered private placement agreement on March 31, 2010 for 795,000 Units at $0.20 per share representing $159,000 in the aggregate. Each unit consists of one (1) Common Share Purchase Warrant ("Warrant") per common share at a price of $0.35 per warrant with an expiry date of one (1) year from the closing date of the private placement agreement.
The Company has paid a 10% finder's fee to the Agents.
The private placement is subject to regulatory approval by the TSX Venture Exchange.
ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of water used in the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The Company's common shares trade on Tier ll of the TSX Venture Exchange under the symbol "ENP".
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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70 Southgate Drive, Unit 4, Guelph, Ontario, CANADA N1G 4P5
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof.
For further information: Dr. Gene Shelp, President and CEO, Tel: (519) 836-6155, Fax: (519) 836-5683, E-mail: [email protected], Web Site: www.enpar-tech.com
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